building a STRONGER foundation - Cemex

Our Operations in Poland
Overview. As of December 31, 2010, we held 100% of CEMEX Polska Sp. ZO.O, or CEMEX Polska, our main subsidiary in
Poland. We are a leading provider of building materials in Poland serving the cement, ready-mix concrete and aggregates markets. As
of December 31, 2010, we operated two cement plants and one grinding mill in Poland, with a total installed cement capacity of three
million tons per year. As of December 31, 2010, we also operated 41 ready-mix concrete plants, nine aggregates quarries, ten land
distribution centers and two maritime terminals in Poland.
The Cement Industry in Poland. According to the Central Statistical Office in Poland, total construction output in Poland
increased by 3.5% in 2010. In addition, according to our estimates, total cement consumption in Poland reached approximately
15.7 million tons in 2010, an increase of 2% compared to 2009.
Competition. Our primary competitors in the cement, ready-mix concrete and aggregates markets in Poland are Heidelberg,
Lafarge, CRH and Dyckerhoff.
Capital Expenditures. We made capital expenditures of approximately U.S.$104 million in 2008, U.S.$7 million in 2009 and
U.S.$10 million in 2010 in our operations in Poland, and we currently expect to make capital expenditures of approximately U.S.$31
million in Poland during 2011.
Our Operations in South-East Europe
Overview. As of December 31, 2010, we held 100% of CEMEX Hrvatska d.d., our operating subsidiary in Croatia. We are the
largest cement producer in Croatia based on installed capacity as of December 31, 2010, according to our estimates. As of
December 31, 2010, we operated three cement plants in Croatia, with an installed capacity of 2.4 million tons per year. As of that date,
we also operated 12 land distribution centers, four maritime cement terminals, eight ready-mix concrete facilities and one aggregates
quarry in Croatia, Bosnia & Herzegovina, Slovenia, Serbia and Montenegro.
The Cement Industry in Croatia. According to our estimates, total cement consumption in Croatia alone reached almost
1.8 million tons in 2010, a decrease of 23% compared to 2009.
Competition. Our primary competitors in the cement market in Croatia are Nexe and Holcim.
Capital Expenditures. We made capital expenditures of approximately U.S.$14 million in 2008, U.S.$8 million in 2009 and
U.S.$10 million in 2010 in our operations in South-East Europe, and we currently expect to make capital expenditures of
approximately U.S.$4 million in the region during 2011.
Our Operations in the Czech Republic
Overview. As of December 31, 2010, we held 100% of CEMEX Czech Operations, s.r.o., our operating subsidiary in the Czech
Republic. We are a leading producer of ready-mix concrete and aggregates in the Czech Republic. We also distribute cement in the
Czech Republic. As of December 31, 2010, we operated 54 ready-mix concrete plants and nine aggregates quarries in the Czech
Republic. As of that date, we also operated one cement grinding mill and one cement terminal in the Czech Republic.
The Cement Industry in the Czech Republic. According to the Czech Statistical Office, total construction output in the Czech
Republic decreased by 7.8% in 2010. The decrease was primarily driven by a continued slowdown in civil engineering works.
According to the Czech Cement Association, total cement consumption in the Czech Republic reached 3.8 million tons in 2010, a
decrease of 10% compared to 2009.
Competition. Our main competitors in the cement, ready-mix concrete and aggregates markets in the Czech Republic are
Heidelberg, Dyckerhoff, Holcim, Skanska and Lafarge.
Capital Expenditures. We made capital expenditures of approximately U.S.$12 million in 2008, U.S.$2 million in 2009 and
U.S.$5 million in 2010 in our operations in the Czech Republic, and we currently expect to make capital expenditures of
approximately U.S.$10 million in the Czech Republic during 2011.
Our Operations in Latvia
Overview. As of December 31, 2010, we held 100% of SIA CEMEX, our operating subsidiary in Latvia. We are the only
cement producer and a leading ready-mix cement producer and supplier in Latvia. From our cement plant in Latvia we also supply
markets in Estonia, Lithuania, Finland, northwest Russia and Belarus. As of December 31, 2010, we operated one cement plant in
Latvia with an installed cement capacity of 1.2 million tons per year. As of that date, we also operated five ready-mix concrete plants
in Latvia and one aggregates quarry.
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